HLIB raises fair value for Focus Lumber to RM2.26

Industry News

KUALA LUMPUR (June 23): Hong Leong Investment Bank (HLIB) Research has raised its fair value (FV) for Focus Lumber Bhd (FLB) to RM2.26 (from RM1.98) and said despite the shipment delay due to US port congestion, FLB’s 1QFY22 results were above house expectations.In a note on Thursday (June 23), the research house said it believes…

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